Company / Analytics

Analytics, 16 April 2023

Week 15 in Brief

North America

Wall Street ended lower on Friday as a barrage of mixed economic data appeared to affirm another Federal Reserve interest rate hike, dampening investor enthusiasm after a series of big U.S. bank earnings launched first-quarter reporting season. All three major U.S. stock indexes ended in the red, but well off session lows.

On the heels of Thursday’s robust rally, all three major U.S. stock indexes notched weekly gains.

How Did the U.S. Market Perform?

How Did the European Markets Perform?

How did Asian Markets Perform?


Next Week

Next week will see the onset of earnings season, with some of the largest global companies such as Bank of America, Johnson & Johnson, Lockheed Martin, Morgan Stanley, Netflix, Procter & Gamble, Tesla, IBM, and American Express among many others, scheduled to report earnings.

The housing market updates, including March housing starts, building permits, and existing home sales, and the NAHB’s Housing Market Index for April, will also be available. Furthermore, inflation readings from the U.K., eurozone, and Japan, along with first-quarter GDP figures from China, will be released.

On Monday, the U.S. Supreme Court will hear arguments in Slack vs. Pirani, a complicated securities law case that could impact investors’ ability to sue companies over alleged misstatements or omissions in their registration statements during direct listings. The case could potentially have significant implications for direct listings by either making them more attractive or eliminating them as a viable option.

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